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Cable Update (GBPUSD)

  • #397,121
  • Sep 7, 2014 3:29pm Sep 7, 2014 3:29pm
Quoting elbert3
{quote} i posted yesterday any body remember 61730 was a hard nut to crack ?? It makes you wonder ,
see above ,,f,,k me should of put the money where the brain was,, ,,
  • #397,122
  • Sep 7, 2014 3:30pm Sep 7, 2014 3:30pm
Quoting IveGotQuads
{quote} You set TP at the 50 Fib ?
Normally I stick 1-1 on a counter trend like this, but this is running the gap so I am watching closely. 1.6208 is my first target, based on the Daily chart. have walked the stop up to +10. From there it may go to 1.6250ish.

This is a smaller lot trade so, just a little Sunday spending money. Normally never trade this time of the week. But couldn't resist when it quickly entered the gap.
  • #397,123
  • Sep 7, 2014 3:34pm Sep 7, 2014 3:34pm
Quoting hoom
{quote} I think that you're gonna run out of space when you'll reach a very²²² deep lesson.
Not the case, if it is not his own money ...
Fix up, trade sharp ...
  • #397,124
  • Sep 7, 2014 3:38pm Sep 7, 2014 3:38pm
Punched out +29 for a 2-1 counter trend trade. Got out after first red M5 Candle. Time for a cheeseburger.
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  • #397,125
  • Sep 7, 2014 3:56pm Sep 7, 2014 3:56pm
Quoting ill_be_back
{quote} How HIGH U think before more DOWN

Looks like it already is bouncing now.....1.6442?
  • #397,126
  • Sep 7, 2014 4:06pm Sep 7, 2014 4:06pm
Quoting cspip
{quote} Looks like it already is bouncing now.....1.6442?
The Max High I Have for this to continue the DOWN Movement is 1.63221
A good trader follows his rules, but great trader knows when to break them
  • #397,127
  • Sep 7, 2014 4:07pm Sep 7, 2014 4:07pm
Quoting pipster1
Punched out +29 for a 2-1 counter trend trade. Got out after first red M5 Candle. Time for a cheeseburger. {image}
Interesting philosophy, I don't trade at this time as well and I pride myself on discipline but I couldn't resist this buy signal. (I trade Gbp/Jpy though) traded just 1 lot size and im at 60+ pips. 170.69 is my 50 Fib but I think this will etch higher on the short term when the Scottish news turn positive. If this closes above the gap I think Tuesday will be very interesting.
  • #397,128
  • Sep 7, 2014 4:08pm Sep 7, 2014 4:08pm
Quoting cspip
{quote} Looks like it already is bouncing now.....1.6442?
1.6246 is 50% Fib of ths fall from friday close .
Get Rich or Die Tryin
  • #397,129
  • Sep 7, 2014 4:20pm Sep 7, 2014 4:20pm
its boring now even if we read your plan ,its not complete

Quoting HDA
Good Evening Forex Factory Members and Guests You continue to do as I've asked and that is to quote my trading plan Thank you Please continue to quote my trading plan. It's very very very very very very very important that you continue to do so. Warmest regards HDA
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #397,130
  • Sep 7, 2014 4:23pm Sep 7, 2014 4:23pm
This may not be a bad time to sell ... unfortunately we don't all trade the Asian session. I suggest you stick to your plan and not allow Greed get the better of us.
  • #397,131
  • Sep 7, 2014 4:25pm Sep 7, 2014 4:25pm
Buy limit 1.6200 to 1.624 sl 1.618 . Go blonde bets.
  • #397,132
  • Sep 7, 2014 4:26pm Sep 7, 2014 4:26pm
damn gbp corsses gap across the board
  • #397,133
  • Sep 7, 2014 4:26pm Sep 7, 2014 4:26pm
Quoting Lamira
Buy limit 1.6200 to 1.624 sl 1.618 . Go blonde bets.
ok.... guess it's won't work
  • #397,134
  • Sep 7, 2014 4:30pm Sep 7, 2014 4:30pm
Quoting IveGotQuads
This may not be a bad time to sell ... unfortunately we don't all trade the Asian session. I suggest you stick to your plan and not allow Greed get the better of us.
Waiting for this Hrly candle to close, Then I place my 1st Sell ORDER
A good trader follows his rules, but great trader knows when to break them
  • #397,135
  • Sep 7, 2014 4:34pm Sep 7, 2014 4:34pm
There is no way this gap closes in full...every trade above 6220 is now risky, even though EU session might take it up to 6250, but who knows where cable will be when EU session starts.
Everyone can see the chart, but only a few can actually read it.
  • #397,136
  • Sep 7, 2014 4:35pm Sep 7, 2014 4:35pm
Quoting OnlineAddict
There is no way this gap closes in full...every trade above 6220 is now risky, even though EU session might take it up to 6250, but who knows where cable will be when EU session starts.
agree 100%
  • #397,137
  • Edited 5:27pm Sep 7, 2014 4:39pm | Edited 5:27pm
Quoting ill_be_back
{quote} The Max High I Have for this to continue the DOWN Movement is 1.63221
Quoting hoom
{quote} 1.6246 is 50% Fib of ths fall from friday close .
Sorry, meant 1.6242 / 56...........not 1.6442
  • #397,138
  • Sep 7, 2014 4:39pm Sep 7, 2014 4:39pm
Quoting IveGotQuads
This may not be a bad time to sell ... unfortunately we don't all trade the Asian session. I suggest you stick to your plan and not allow Greed get the better of us.
Congrats on the win. Will check back in the morning

Cheers!
  • #397,139
  • Sep 7, 2014 4:41pm Sep 7, 2014 4:41pm
My pending short based on my plan posted earlier , took some pips of the table upon this retrace as suggested .
trade well.

Attached Image (click to enlarge)
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edit : minor resistance looming @6227
Get Rich or Die Tryin
  • #397,140
  • Edited 4:57pm Sep 7, 2014 4:45pm | Edited 4:57pm
lets be really clear,please also advise on gbp cad longs fallen 930 pips in 6 weeks
at least you collect positve swaps on that


Quoting HDA
Here we go :-) UP UP UP away Remember the Options Expiry for 10am eastern today, Monday, September 1, 2014 1.6635 pay out US$381 million 1.7300 -HDA's second take profit 1.7100 -HDA's first take profit 1.6860 - Hick up spot - resistance level 1.6720 -HDA's first scale in long entry 1.6640 -HDA's break even point 1.6560 -HDA's second scale in long entry Please see previous post and note in the post Monday is Labour Day in the US - so we will be looking at an illiquid market. http://www.forexfactory.com/showthre...13#post7704513...
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